Markets

Markets Wrap: Flutter, Glenveagh and Cairn Homes drive bullish trading on ISEQ

Global stock markets enjoyed a boost on Wednesday, after indications higher interest rates are continuing to work their way through the economy

  • December 6, 2023

The Irish Stock Exchange jumped 104 points on Wednesday amid growing optimism that the cycle of interest rate hikes is at an end.

Upbeat consumer and banking sentiment has seen bullish performances at Dublin’s Euronext exchange and other exchanges across the globe.

In Dublin, at the end of trading, the ISEQ All Share Index gained 1.2% to 8,570.46.

Paddy Power parent company Flutter Entertainment, rose 4% to close at €151.95.

Home-builders Cairn Homes and Glenveagh ...